Premarket Update: Futures rise as dovish Fed comments and resilient labor market data calm slowdown fears. S&P 500 up 0.42%, Nasdaq-100 up 0.62%, and Dow up 0.22%.
Thursdays Recap: The S&P 500 surged 2.3%, marking its best day since November 2022. Dow Jones up 1.8%, Nasdaq Composite up 2.87%, driven by strong jobless claims data.
Today, Wall Street is facing continued turmoil as the fallout from a disappointing jobs report and recession fears persist.
Dow futures are down 800 points, indicating a rough start to the day. The Nasdaq has entered correction territory, losing over 10% from its recent high.
Reeve T. Bull lead a discussion on “AI Ethics and Policy” during the “AI Insights - Navigating the Future” event on our Hampton Campus. Mr. Bull is the Director of the @GovernorVA ’s Office of Regulatory Management. #AI#STEM#HamptonRoads
On May 17, 2024, the Dow Jones Industrial Average (DJIA) has reached the significant milestone of 40,000 points. The DJIA, often referred to as "the Dow," is one of the oldest and most widely recognized stock market indices in the world.
https://t.co/OMXzfwXwP1
Milestone:
As of today, it has been 128 years since the DJIA was first published. The index now comprises 30 major publicly traded companies and continues to serve as a key indicator of the overall health and trends of the U.S. stock market.
Despite large-cap technology stocks driving the S&P 500 higher in recent months, the NASDAQ 100 remains my favorite index for its outstanding long-term performance. #Investing#NASDAQ100#StockMarket
Reflecting on my post from February 2024, where I showed the major indexes' price changes over the five years spanning February 2019 to February 2024, the NASDAQ 100 has continued to outperform its peers.
This year, as of May 15, 2024, the SPDR S&P 500 is up 28.6% over the past year, the SPDR Dow Jones Industrial Average ETF gained 19.8%, and the Invesco QQQ ETF has risen 39.4%.